Deal Would Value Online Media Company at $2.5 Billion

A+E Networks is nearing an agreement to buy 10% of Vice Media for $250 million, in a deal that would value the youth-focused online media company at $2.5 billion, according to people familiar with the matter.

The investment is being completed in the wake of Time Warner Inc.'s abandonment of talks with Vice over a partnership that would have potentially revamped Time Warner's HLN channel with Vice's brand of edgy nonfiction...